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Technology Stocks : Cognitronics (AMEX: CGN) -- Ignore unavailable to you. Want to Upgrade?

To: waxman who wrote (125)	8/12/1998 9:57:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 142

Cognitronics to Sell Voice Information Systems to Allegiance Telecom DANBURY, Conn., Aug. 12 /PRNewswire/ -- Cognitronics Corporation (Amex: CGN - news) announced today that Allegiance Telecom, Inc. (Nasdaq: ALGX - news) has selected Cognitronics' McIAS(TM) l6xx/IP product technology to provide voice announcement services on its competitive local exchange networks. Allegiance is a competitive local exchange carrier headquartered in Dallas, Texas providing businesses with a complete package of telecommunications services, including local, long distance, international calling, high speed data transmission and Internet services. Allegiance has installed Cognitronics' McIAS 1610/IP voice information systems on its Lucent 5ESS digital switching systems in three major cities to provide voice information services to its customers, including network, number change intercept and automatic number announcements. Allegiance is targeting additional major metropolitan areas in the United States for implementation of its ''one-stop shopping'' package. ''We welcome Allegiance to the growing list of competitive telephone service providers who have selected Cognitronics' McIAS 16xx/IP technology to provide announcement services on their networks,'' said Brian J. Kelley, president and chief executive officer of Cognitronics. ''Sales to Allegiance began in the second quarter; future sales are subject to the receipt of definitive purchase orders.'' Statements contained herein which are not historical facts are forward-looking statements. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties including, but not limited to, variability of sales volume quarter to quarter, product demand, market acceptance, litigation, risk of dependence on significant customers, third party suppliers and intellectual property rights, risks in product and technology development and other risk factors detailed in the company's Securities and Exchange Commission filings. Cognitronics is a leading manufacturer and supplier of voice information systems, including telephone network and call management products, to telephone operating companies, other telecommunications providers and original equipment manufacturers. SOURCE: Cognitronics, Inc.